RWE Dea remains on growth track, RWE AG

Release Date: 2010-03-17

Hamburg-based RWE Dea remains on its growth track in the international gas and oil business, as numerous operational successes prove. Despite the economic crisis in 2009 and significantly lower prices for crude oil and natural gas leading to a fall in revenues and a lower operating result, RWE Dea invests in promising projects and increases its reserves and resources

"In spite of the unfavourable market environment, RWE Dea continues to pursue its ambitious growth targets and the associated investment plans,” the new Chairman of the Board of Management, Thomas Rappuhn, emphasised at today’s annual press conference in Hamburg.

“The generally difficult economic situation has also opened up opportunities. By acquiring successfully explored gas fields in the UK, we have laid the foundations for rapid growth,” Thomas Rappuhn continued.

In 2009 RWE Dea wrote another chapter in its success story of exploration and appraisal wells: “A 63% discovery rate was significantly higher than the figures for previous years and it is also well above the industry average.”

Type:	NORMAL
Company:	RWE AG
Country:	德国